BRT Apartments (NYSE:BRT) Issues Earnings Results, Beats Estimates By $0.06 EPS

BRT Apartments (NYSE:BRT) released its quarterly earnings data on Thursday, May 7th. The financial services provider reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.06, FiscalAI reports. The company had revenue of $24.61 million for the quarter, compared to analyst estimates of $24.28 million. BRT Apartments had a negative return on equity of 6.77% and a negative net margin of 12.59%.

BRT Apartments Trading Up 1.6%

NYSE BRT traded up $0.24 during trading hours on Wednesday, reaching $15.01. The company had a trading volume of 30,672 shares, compared to its average volume of 41,649. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 3.00. The stock has a market capitalization of $282.49 million, a P/E ratio of -23.09 and a beta of 0.86. The stock has a 50-day moving average of $14.28 and a 200 day moving average of $14.49. BRT Apartments has a 1-year low of $13.18 and a 1-year high of $16.69.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC grew its stake in shares of BRT Apartments by 0.6% during the second quarter. Geode Capital Management LLC now owns 289,073 shares of the financial services provider’s stock worth $4,522,000 after purchasing an additional 1,837 shares in the last quarter. State Street Corp increased its holdings in shares of BRT Apartments by 3.3% in the 4th quarter. State Street Corp now owns 256,769 shares of the financial services provider’s stock valued at $3,837,000 after acquiring an additional 8,226 shares during the last quarter. Permanens Capital L.P. increased its holdings in shares of BRT Apartments by 21.4% in the 3rd quarter. Permanens Capital L.P. now owns 201,263 shares of the financial services provider’s stock valued at $3,192,000 after acquiring an additional 35,415 shares during the last quarter. Stifel Financial Corp raised its position in shares of BRT Apartments by 26.4% during the 4th quarter. Stifel Financial Corp now owns 169,390 shares of the financial services provider’s stock worth $2,490,000 after acquiring an additional 35,420 shares in the last quarter. Finally, Boston Partners lifted its stake in BRT Apartments by 12.5% during the fourth quarter. Boston Partners now owns 124,434 shares of the financial services provider’s stock worth $1,829,000 after purchasing an additional 13,794 shares during the last quarter. Hedge funds and other institutional investors own 29.07% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Wall Street Zen upgraded BRT Apartments from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. Citigroup reissued a “market outperform” rating on shares of BRT Apartments in a report on Friday, May 29th. Finally, Weiss Ratings raised shares of BRT Apartments from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, May 12th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $19.75.

About BRT Apartments

BRT Apartments Corp. is an equity real estate investment trust (REIT) that acquires, owns and operates multi-family residential properties. The company targets mid-market apartment communities and seeks value-add opportunities through renovations, operational efficiencies and active asset management. Its investment strategy is focused on generating stable, long-term rental income and potential capital appreciation from its portfolio of rental properties.

Established in 2013, BRT Apartments Corp.